How to setup a Loan in QuickBooks
134.1 هزار بار بازدید -
8 سال پیش
-
Do you need to set
Do you need to set up a Loan in QuickBooks?
The first step to setting up your loan is thinking about exactly what happened…
Did you just get the loan or have you had it for years?
In this video, I'll walk you through these steps to set up your Loan in QuickBooks.
Would you like my step-by-step PDF guide to closing out your books each month?
Here's your printable PDF 🥳: https://canduskampfer.com/month-end
➡️ Steps to setup a Loan in QuickBooks
Go up to “Lists”
“Chart of Accounts”
Setup your Main Category
Then set up subcategories
Go down to “Account”
Click “New”
Choose “Loan”
Click “Continue”
“Account Name”
**Checkmark “Subaccount of ____________” If it’s a subaccount
“Description”
“Click Enter Opening Balance”
“Enter Opening Balance: Other Current Liability Account” screen will show
**If you have a loan for a long time & you don’t know what the original purchase price
“Opening Balance ____ as of ______ “
“Click “OK”
Click “Save & Close”
➡️ Recording All Transactions at Once
Go up to “Company”
“Make General Journal Entries…”
“Assigning Numbers to Journal Entries”
Click “OK”
Choose “Account” (1st Line: Bank Account)
“Credit” Amount
“Memo”
“Account” (2nd Line: “Vehicle”)
“Debit” Amount
“Memo”
“Account” (3rd Line: “Loan”)
“Credit” amount
“Memo”
Click “Save & Close”
➡️ Writing Check
Go up to “Banking”
“Write Checks”
“Pay to order of”
“Name not found” screen will show
“Quick Add”
“Select Name Type” screen will show
“Vendor”
“OK”
“Amount”
Under “Expenses” tab, add “Account”
“Amount”
Click “Save & Close”
Do you need the QuickBooks Online version to set up your Loan: https://canduskampfer.com/how-to-set-...
Learn how to apply for your loan payments properly: https://canduskampfer.com/break-princ...
Need to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business...
➡️ https://CandusKampfer.com/workshop
Receive our QB tips straight to your inbox each week visit:
➡️ https://CandusKampfer.com/tips
Subscribe here for more QuickBooks tips
➡️ https://www.seevid.ir/c/CandusKampf...
Timestamps:
0:00 - Intro
0:22 - Factors to consider
0:51 - how to enter loan in QuickBooks
3:00 - Record all transactions at once (Journal Entry)
5:31 - Checking Balance Sheet/Bank Account
6:10 - Final Thoughts
I’d love to connect with you 👇
Instagram: Instagram: candus.kampfer
Facebook: Facebook: CandusKampfer
CandusKampfer.com: https://canduskampfer.com/
TikTok: TikTok: canduskampfer
Pinterest: Pinterest: canduskampfer
#CandusKampfer
The first step to setting up your loan is thinking about exactly what happened…
Did you just get the loan or have you had it for years?
In this video, I'll walk you through these steps to set up your Loan in QuickBooks.
Would you like my step-by-step PDF guide to closing out your books each month?
Here's your printable PDF 🥳: https://canduskampfer.com/month-end
➡️ Steps to setup a Loan in QuickBooks
Go up to “Lists”
“Chart of Accounts”
Setup your Main Category
Then set up subcategories
Go down to “Account”
Click “New”
Choose “Loan”
Click “Continue”
“Account Name”
**Checkmark “Subaccount of ____________” If it’s a subaccount
“Description”
“Click Enter Opening Balance”
“Enter Opening Balance: Other Current Liability Account” screen will show
**If you have a loan for a long time & you don’t know what the original purchase price
“Opening Balance ____ as of ______ “
“Click “OK”
Click “Save & Close”
➡️ Recording All Transactions at Once
Go up to “Company”
“Make General Journal Entries…”
“Assigning Numbers to Journal Entries”
Click “OK”
Choose “Account” (1st Line: Bank Account)
“Credit” Amount
“Memo”
“Account” (2nd Line: “Vehicle”)
“Debit” Amount
“Memo”
“Account” (3rd Line: “Loan”)
“Credit” amount
“Memo”
Click “Save & Close”
➡️ Writing Check
Go up to “Banking”
“Write Checks”
“Pay to order of”
“Name not found” screen will show
“Quick Add”
“Select Name Type” screen will show
“Vendor”
“OK”
“Amount”
Under “Expenses” tab, add “Account”
“Amount”
Click “Save & Close”
Do you need the QuickBooks Online version to set up your Loan: https://canduskampfer.com/how-to-set-...
Learn how to apply for your loan payments properly: https://canduskampfer.com/break-princ...
Need to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business...
➡️ https://CandusKampfer.com/workshop
Receive our QB tips straight to your inbox each week visit:
➡️ https://CandusKampfer.com/tips
Subscribe here for more QuickBooks tips
➡️ https://www.seevid.ir/c/CandusKampf...
Timestamps:
0:00 - Intro
0:22 - Factors to consider
0:51 - how to enter loan in QuickBooks
3:00 - Record all transactions at once (Journal Entry)
5:31 - Checking Balance Sheet/Bank Account
6:10 - Final Thoughts
I’d love to connect with you 👇
Instagram: Instagram: candus.kampfer
Facebook: Facebook: CandusKampfer
CandusKampfer.com: https://canduskampfer.com/
TikTok: TikTok: canduskampfer
Pinterest: Pinterest: canduskampfer
#CandusKampfer
8 سال پیش
در تاریخ 1395/06/24 منتشر شده
است.
134,168
بـار بازدید شده